Question 1: Stakeholders and ObjectiveWho are the major stakeholders and what are their objective(s) that you need to consider before inviting them to a pre-construction meeting/hearing? Stakeholders can have multiple objectives.Stakeholders Project Objectives1. Owner/Developer…….. Positive ROI………………………………..2. Construction Manager…………….. On time………………………………..3. City of Atlanta………….. Quality of life for Atlanta residents…………………..4. Architect/Engineer………….. High Quality of design project……………..5. Lenders…………….. Positive ROI………………………..6. General Contractor…………….. Safe and on Schedule………………………………..7. ……………………………….. ………………………………..8. ……………………………….. ………………………………..9. ……………………………….. ………………………………..Question 2: RankingYou decide to limit invitations to four other stakeholders. Who are the major stakeholders that you invite to a pre-construction meeting/hearing? Rank the stakeholders and the objectives by importance to the owner.1. Owner/Developer…………... 1. …Positive ROI…………………………..2. Architect/Engineer 2. ……High Quality in design project……..3. CITY OF ATLANTA…… 3. QUALITY OF LIFE……………..4. General Contractor……… 4. Safe and on schedule……..Question 3: Defining the boundaries of the objectivesGroup members: 1. Payton Rawson 3. Chase Stringer 2. Khaled Albahar 4. Abdulrahman Alghadhoori CE 366 – Introduction to Construction EngineeringProject Overview: "Einstein's Tower", 1163 West Peachtree, Atlanta, GA 30309, Upper Midtown. Architect: The PrestonPartnership, LLC. Developer: Novare Group. Status: Proposed Construction Dates End 2018. FloorCount: 32. Floor Area: 161,269 m². Units/Rooms: 405. Building Uses: residential, parking garage, retail.Structural Types: highrise. Roof: 113.9 m.Project description:A major developer has selected a site in midtown Atlanta for its new luxury high-rise condominiumproject. The developer will not operate nor maintain the project once the construction of the project hasbeen completed. The project has been evaluated in 2017 by the “Atlanta Regional Commission”. The lasttwo years have passed without any construction, the developer (current owner) hires you as a newConstruction Manager and wants you to figure out the major obstacles that have been existing todate and will be out there on the road to success (CM Agency project delivery). More details on the project are provided below (use to answer the questions below):The project will be financed by several lenders and banks. A new estimate on the building isapproximately $85 million. Originally, the project should have been completed by the June of 2019. Thehousing market in Atlanta seems to be generally optimistic. As a construction manager on your firstproject, you are very confident that the project will be a great success. You also know that all projectstakeholders have worked on similar projects before and have completed them successfully. The contractis negotiated between owner and general contractor. There are, however, still some issues, e.g., to comeup with a solid financing plan to build the project. The banks are very much afraid of investing in theresidential housing market at the moment.The condominium tower will have 405 units for which a total of 5,000 drawings and plans will be needed.On average, 60 people will work on the job at the same time and each takes a one-hour break per day. Theproject expects no accidents (zero-accidents). Since the building is not in the 100-year flood zone, noflooding is expected. Two major repairs (e.g., fixing the roof) are projected to happen every year, whilethe projected maintenance cost per condo unit is on average $3,000 per year. The success of the project isdetermined by the following weight factors: Building cost should account for minimum 10%, safetyduring the construction phase at least 10%, maintenance during the operational phase at 40%,documentation of work at least 3%, reduced environmental impact at least 5%, and major repairs at least5%. You need to consider existing utilities lines along the property boundaries, since they currently havemajor deficiencies. The city budget to fix or repair these utilities is very limited or zero, and thus veryquestionable. Eventually you may end up paying some of the connecting fees, e.g. connection to sewerline, on your own, without any subsidies from the city. Since the project is more or less a standardizedhigh-rise building that the developer has performed many times before, the equipment list and drawingsare completely adequate. The Board of Directors wants to ensure that the stakeholders are on the samepage before they give the general “Go Ahead” permission to build the project.Group members: 1. Payton Rawson 3. Chase Stringer 2. Khaled Albahar 4. Abdulrahman Alghadhoori Building Location in Midtown: Similar Project in close Proximity: Question 1: Stakeholders and Objective Who are the major stakeholders and what are their objective(s) that you need to consider before inviting them to a pre-construction meeting/hearing? Stakeholders can have multiple objectives.Stakeholders Project Objectives1. Owner/Developer…….. Positive ROI………………………………..2. Construction Manager…………….. On time………………………………..3. City of Atlanta………….. Quality of life for Atlanta residents…………………..4. Architect/Engineer………….. High Quality of design project……………..5. Lenders…………….. Positive ROI………………………..6. General Contractor…………….. Safe and on Schedule………………………………..7. ……………………………….. ………………………………..8. ……………………………….. ………………………………..9. ………………………………..